Asian stocks experienced decline on the first trading session

Note: This section contains information in English only.
Source: Bloomberg

Most of Asian shares fell during the first trading session of 2012 on worries European debt turmoil will hinder global growth. South Korean Kospi was flat while Taiwan's Taiex Index dropped 1.7% after HSBC survey indicated contraction in manufacturing. MSCI Asia Pacific (excluding Japan) lost 0.4%, Indonesia's Jakarta Composite index sank 0.3% and BSE India Sensitive Index dipped 0.3%. Markets in Japan, Hong Kong and US were closed for an extended holiday. 

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Mon, 02 Jan 2012 07:46:10 GMT

South Korean Won weakens on anxiety European crisis will hit Asian economies

South Korean domestic currency Won depreciated as investors remained worried about European debt turmoil impact on Asia's growth. The Won lost 0.2% against greenback reaching 1,154.45 Won per one US Dollar. On yearly basis South Korean currency has dropped 2.2%. Experts predict further depreciation for the Won. Domestic inflation reached 4.2% in December while yields on sovereign bonds due 2016 climbed two basis points.

Mon, 02 Jan 2012 07:46:19 GMT

Dow up 5.5%, S&P flat, while Nasdaq down 1.8% for 2011

US stocks closed lower on the last trading day for the year. S&P 500 Index fell 0.43% or 5.42 points to 1,257.60, Dow Jones Industrial Average declined 0.57% or 69.48 points finishing at 12,217.56 and Nasdaq Composite Index dropped 0.33% or 8.59 points to 2,605.15. On yearly basis S&P 500 ended flat, Dow Jones gained 5.5% and Nasdaq gave up 1.8%. 

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